WASHINGTON - Thrift profits rose 16.4% in the second quarter, to $1.35 billion, the Office of Thrift Supervision reported Monday.

Federal regulators attributed the increase to lower interest rates, which boosted the value of mortgage-backed securities in thrifts' portfolios. The percentage of troubled assets also declined, to 1.27% on June 30 from 1.34% at the end of the first quarter.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.